Summary
Lam Research Corporation (LRCX) filed an 8-K on March 19, 2021, primarily to disclose information regarding an adjustment to the conversion rate of its 2.625% Senior Convertible Notes due 2041. This adjustment was made pursuant to the indenture governing these notes and was communicated to the noteholders on March 19, 2021. While this filing does not contain material financial updates or operational changes, it's important for holders of these specific convertible notes to be aware of any adjustments that could impact their conversion rights or the value of their holdings.
Key Highlights
- 1Lam Research Corporation (LRCX) issued a Notice of Adjustment of Conversion Rate for its 2.625% Senior Convertible Notes due 2041.
- 2The adjustment was made in accordance with the terms of the Indenture dated May 10, 2011, between Novellus Systems, Inc. and The Bank of New York Mellon Trust Company, N.A.
- 3The notice was distributed to holders of the 2041 Notes on March 19, 2021.
- 4This filing is classified under Regulation FD Disclosure (Item 7.01) and is not considered 'filed' for purposes of Section 18 of the Exchange Act.
- 5The information provided is specific to the terms and conditions of the convertible notes and their conversion rate.
- 6No new financial statements or material operational exhibits were included in this filing.